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What is the affidavit of due diligence?

An affidavit of due diligence is a sworn statement detailing efforts to locate and serve legal documents when traditional methods fail. This crucial document demonstrates to the court that all reasonable efforts have been made to notify involved parties of ongoing legal action.

What is the main purpose of due diligence?

Due diligence serves as a critical investigation tool employed by businesses and individuals before entering into an agreement or a transaction with another party. The primary objective of this process is to minimise potential risks and maximise the assurance of making an informed decision.

What is the purpose of an affidavit?

Care or attention to a matter that is sufficient to avoid liability, though not necessarily exhaustive. For example, the Securities Act 11(b)(3) allows parties involved in a securities offering to escape 11 fraud liability if they conducted due diligence on the issuer .

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